Supply chain radar: struggling with liquidity
The Loadstar | January 08, 2019
“MSC takes four ships and 49% share of Messina Group”, ran the headline in Splash 24/7 on New Year’s Eve. In short, MSC is providing short-term liquidity to the parent company, while taking a controlling stake in a holding which holds assets as collateral.
(Source Splash 24/7) My immediate thought was that such news – almost meaningless, in the bigger scheme of things – was not worth any coverage.